August 10, 2022

Elon Musk sells $6.9 billion worth of Tesla stock

Elon Musk sold more than $6.9 billion in Tesla shares, according to new filings with the Securities and Exchange Commission published Tuesday.

Why it matters: The selloff comes weeks after the Tesla CEO’s bid to withdraw a $44 billion agreement to buy Twitter and ensuing lawsuit against the tech giant.

Less than four months ago, Musk said he didn’t plan to sell anymore Tesla shares after offloading $8.5 billion of stock following the Twitter deal.

By the numbers: The world’s richest person has now sold some $32 billion in Tesla stock in the past 10 months, per Bloomberg.

Representatives for Musk could not immediately be reached for comment.

Go deeper: The biggest losers from Elon Musk’s Twitter chaos

Editor’s note: This is a breaking news story. Please check back for updates.

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